WebAnswer Amount at the start = \ (\pounds 400\) Interest in the 1st year = \ (\frac {5} {100}\times400=\pounds 20\) Amount after 1 year = \ (\pounds400\,+\pounds20=\pounds420\) Interest in the... Web£150 is invested at 5% compound interest for 2 years. How much will be in the account at the end of the investment? £165.38 £165 £160 10 What is 10% of 62? 6.2 0.62 62 Check score
The economy and business - Edexcel - BBC Bitesize
WebThe economic climate affects businesses in six main ways: unemployment changing levels of consumer income changes in interest rates inflation government taxation including national insurance... WebThe multiplier method. Compound interest problems are much easier to solve by using the multiplier method. For example, a 5% increase on the original balance in a bank would mean there is now 105% ... prefer single french horn
Inflation - The economy and business - Edexcel - BBC Bitesize
WebSimple interest is worked out by calculating the percentage amount and multiplying it by the number of periods that the money will be invested for. Example Calculate the interest on … WebThis is the formula to calculate AER: \ [ {AER}~=~ ( {1}~+~\frac {i} {n}) {^n}~-~ {1}\] i is the interest rate as a decimal n is the number of times the interest is paid throughout one year.... WebTherefore, the difference between the two rates is: £10,820 – £10,600 = £220. You can also use this method where you start by finding the difference between the two interest rates: 8.2% - 6%... prefers-reduced-motion javascript